I’m sure I’m not the only one thinking this but can we stop the childish bickering it’s becoming beyond boring seeing daily sparring that never ends between the same people. Accept the fact people will have differing views and move on let’s make an effort to remove the unnecessary BS and stick to relevant info only. I mean who cares!
A great day and great news. I wonder if we will see a similar agreement with Anglo/ anyone else on Disko anytime soon. I wouldn’t be surprised. An update on that project has been talked about for a while. I’m still curious what role Rio might have in regards to Dundas given they were sent a bulk sample but decided not to test it until 2021. Surely the window of opportunity here is closing quickly and they would be an ideal fit for an off take or more. Interesting times to be invested here.
This is great news key word in that entire RNS is ‘fungible’ essentially the shares are interchangeable across the two exchanges and no new supply is being issued to meet demand. If there there is any decent buying in the US this should move higher.
I can’t help but think Rod has been planning for a long time a series of positive news items to be released before exploitation license comes.
Possibly still to come 1. Offtake or two confirmation 2. Reduction in dev costs for Dundas 3. Exploitation license 4. JV news on Disko 5. Project Financing including grants / government support
I wonder what Rio are going to say about all this? Surely they have a card to play here. Exciting times ahead.
RE: Will be back into the 9s shortly6 Nov 2020 16:21
I agree Simon. If the US listing is available and no additional shares are issued for that (my current expectation) then it becomes a simple supply and demand scenario with the SP moving higher as a result.
Hi Giles, I hope all is well your end. What did you make of the update today?
On another note I like the new website but notice the major shareholder page we had previously isn’t included. I will ask GS about this as I have mentioned it to him before.
In a previous interview when the SP was circa 2p GS described these prices as an option on the business. Great to see positive progress. Hopefully investor confidence will return on the back of the placing and today’s update.
Manwell / BH that seems sensible the risk here is they sit on news which gets exploited by leaks which would be inevitable one way or another. In the last interview Sachin highlighted the importance of releasing any price sensitive information so I expect them to do so ASAP on the back of that. Hopefully it’s an exciting few weeks ahead.
Christalball - out of interest what SP potential do you see here? I have been invested for 18 months now. Topped up a little a 5-6 weeks ago. Good to see the recent rise.
From memory they did change the arrangements with Colva and issued shares earlier in the year. This was in regards to arrangements with Ribella I believe but happy to be corrected.
It’s been the same for the last few weeks. Low volume and price drops. I did a dummy sell for several million last week and they wanted them all! Not much to buy it seems
Magnum how have you concluded this out of interest? I don’t agree with your loaded statement. Let’s look at the facts.
1. The Lido Symposium In March was postponed due to Covid 2. We got an RNS acknowledging this engagement which didn’t imply a dead end
It’s worth remembering that raising funds or cementing relationships in a volatile environment isn’t straight forward across the board. Let’s see how this plays out.